R704, Ontario Tower
Sold prices and rental history: sold 3 times, last in December 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for R704, Ontario Tower
What is R704 worth today?
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Source: Dubai Land Department. Updated 15 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 7th of 25
- Parking
- B1-46
- Developer
- Rose Homes Investment
- Completed
- 2010
- Service charge
- AED 14,300 /yr
- Last sold
- AED 555K · December 2019
- Building
- Ontario Tower
About R704, Ontario Tower
R704 is a one-bedroom apartment of 802 sqft on the 7th floor of Ontario Tower, a 25-storey tower in Business Bay completed in 2010 by Rose Homes Investment. It last sold on 9 December 2019 for AED 555,000, or AED 692 per sqft, 4% below the AED 724 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 15 March 2025, is AED 65,520 a year: a gross yield of 11.8% on the 2019 price, before the service charge of about AED 14,300 a year.
Sales and rents for R704 over time
R704 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ontario Tower, and where R704 sits
All 100 1-beds →R704 last sold in December 2019 at AED 692 per sqft, 4% below what one-beds in Ontario Tower were fetching at the time (AED 724). Over the last 12 months one-beds sold for AED 800,000 to 1,200,000, around AED 1,286 per sqft, and rent for AED 35,000 to 200,000 a year. R704's AED 65,520 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 803 sqft | 895,370 | 1,115 | ||
| 8 Sep 20268 September 2026 | 802 sqft | 800,000 | 997 | ||
| 18 Jul 202618 July 2026 | 802 sqft | 1,050,000 | 1,309 | ||
| 16 Jun 202616 June 2026 | 802 sqft | 1,012,692 | 1,262 |
Ontario Tower
Building175 apartments, studios to 2-bed over 25 floors in Business Bay, completed in 2010 by Rose Homes Investment. 28 sold in the last 12 months.
- Typical price per sqft
- AED 1,277 Up 6.6%
- Typical sale
- AED 1.09M
- Typical rent
- AED 75K /yr
- Typical yield
- 8.1%
Other units on the 7th floor
All 175 units in Ontario Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| R701 | Studio | 402 sqft | AED 666KAED 666,225 · Jan 2017January 2017 | 55,000 /yr | |
| R702 | 2-bed | 982 sqft | AED 1.53MAED 1,528,605 · May 2011May 2011 | ||
| R703 | 1-bed | 803 sqft | AED 800KAED 800,000 · Dec 2023December 2023 | 70,400 /yr | |
| R705 | 1-bed | 802 sqft | AED 1.08MAED 1,075,000 · Dec 2025December 2025 | 92,000 /yr | |
| R706 | 1-bed | 791 sqft | AED 1MAED 1,000,000 · Oct 2013October 2013 | 64,000 /yr | |
| R707 | 2-bed | 982 sqft | AED 1.11MAED 1,108,265 · Jun 2011June 2011 | 80,000 /yr |
R704, Ontario Tower in numbers
- Sold 3 times: first on 14 September 2011 for AED 880,308, last on 9 December 2019 for AED 555,000 (AED 692 per sqft).
- Rented since February 2014 on 10 Ejari contracts. The rent fell from AED 68,500 to AED 40,000 in 2021 and recovered to AED 65,520 by March 2025.
- At AED 65,520 a year the gross yield on the 2019 price is 11.8%, before a service charge of about AED 14,300 a year (AED 17.81 per sqft).
- One-beds in Ontario Tower sold for AED 800,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,277 per sqft.
Source: Dubai Land Department. Updated 15 March 2025.
Questions about R704, Ontario Tower
What did unit R704 last sell for?
AED 555,000 on 9 December 2019: AED 692 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 880,308 in September 2011.
What is the rent for unit R704?
AED 65,520 a year on the contract renewed on 15 March 2025. The previous contract, from March 2025, was AED 65,520; the unit has been rented since February 2014.
How big is unit R704?
802 sqft (74.5 sqm): a one-bedroom apartment on the 7th floor of a 25-storey tower completed in 2010.
What is unit R704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ontario Tower sold for AED 800,000 to 1,200,000 in the last 12 months, around AED 1,286 per sqft.
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Mortgage on R704, Ontario Tower
Starts from the last sale price (AED 555K, 9 December 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 555,000
- Deposit, UAE resident (20%)
- AED 111,000
- Deposit, non-resident (40%)
- AED 222,000
- Monthly over 25 years at 3.7%
- AED 2,271
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →